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Rising U.S. production helped fuel a slump in prices.
Read More »Oil Prices Gain after OPEC Extension of Output Cut
Lukoil CEO: Oil Markets won`t Overheat
Moscow agreed to contribute around 0.3 million bpd to the cuts and Russian state and private companies are sharing the burden on a pro-rata basis.
Read More »Vienna Producers` Meeting won`t be Easy
Oil market was in a much better position than it was last year. which was a result of producers complying with the cuts.
Read More »Oil Falls on Uncertainty over OPEC Deal. Rise in U.S. Inventories
The market had been looking forward to a supportive number due to the pipeline disruption from Canada.
Read More »IEA Chief Sees Oil Markets Tightening toward Second Half of 2018
The global oil market could tighten towards the second half of 2018 if demand remains robust.
Read More »Statoil to Drill 5-6 Wells in Arctic Barents Sea in 2018
Statoil plans to drill between 25 and 30 wells in Norwegian waters in 2018.
Read More »ADNOC`s Distribution Unit could Raise as much as $2 Billion in IPO
ADNOC Distribution is the leading fuel distributor in the UAE. with a market share of around 67 percent in the country by number of retail fuel service stations.
Read More »Saudi Aramco. SABIC to Sign MoU on $25 Billion Oil to Chemicals Complex
The two companies had agreed in June 2016 to conduct a feasibility study for the project.
Read More »Iraq and Kuwait Near Agreement on Price for Gas Exports
Iraq hired Japan’s Toyo Engineering to help build the project.
Read More »Russia`s Novatek Aims to Launch Yamal LNG on Dec 8
At full capacity. the Yamal facility will be able to produce 16.5 million tonnes of liquefied natural gas a year.
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